Boston Partners bought a new position in shares of Schlumberger Limited. (NYSE:SLB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 84,156 shares of the oil and gas company’s stock, valued at approximately $5,871,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLB. Aviance Capital Management LLC bought a new position in Schlumberger during the second quarter worth $100,000. Mountain Capital Investment Advisors Inc bought a new position in Schlumberger during the second quarter worth $107,000. Tradewinds Capital Management LLC raised its stake in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC bought a new stake in Schlumberger in the second quarter valued at $137,000. 79.31% of the stock is owned by institutional investors and hedge funds.
Schlumberger Limited. (SLB) opened at $75.60 on Thursday. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84. The firm has a market cap of $104,730.00, a PE ratio of 193.85, a P/E/G ratio of 1.53 and a beta of 1.01. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.
Schlumberger (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. analysts predict that Schlumberger Limited. will post 1.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s payout ratio is 512.82%.
Several equities research analysts have weighed in on SLB shares. Deutsche Bank started coverage on shares of Schlumberger in a research note on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price target for the company. Royal Bank of Canada set a $86.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Cowen set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday, October 6th. Citigroup lifted their price target on shares of Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger in a research note on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger presently has an average rating of “Buy” and a consensus target price of $79.37.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.
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Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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